Archive for Forex Apprenticeship
A New Forex Era Looming?
Posted by: | CommentsThis week, for the first time, I reached my weekly target on Wednesday, and true to the spirit of making money safely, I closed my trading platform in the happy knowledge that I would not be trading again this week.
This may be difficult to understand but I have gone through the most amazing transition in my thinking about money-making. This apprenticeship is really where you start to appreciate that making money from forex, the ‘Forex Training Works‘ way is so different from my previous perception. I know that I have turned a corner that will change my life from now on.
What is the difference? Well, it’s about changing a conditioned mindset. Just ten weeks ago, when I started the forex training course on February 1st, I KNEW that the harder I worked, the more hours I put in, the more effort I expended – the more money I would make. Let’s apply that to forex for a moment.
On average, I am actually trading for around one hour in the morning. If I can make my target in an hour – it it seems to be a no-brainer, that if I work for four hours I could make four times the money. If I worked even harder and put in eight hours and expended equal effort – I could make eight times the money. In the outside world, I know that’s true. In forex it is completely the reverse.
SAFE trading to make money is about CAREFULLY using a time period for what looks like a small achievement. To risk that achievement would be a nonsense because that small CONSISTENT achievement adds up to an enormous profit as it rolls up and compounds. Best of all, and this is where I have turned a corner, it is a super STRESSLESS and risk-less way of making money work for you – instead of you working for money.
I have ‘worked’ at forex trading, for around three hours this week. I have added up my ‘potential’ earnings since I started demo trading seven weeks ago – and I am amazed at my potential ‘return on investment’.
Return on investment, as I have learned, is the percentage amount my original capital sum has grown over this period. We don’t ever talk actual money because it’s obvious that the percentage brings us all to a level playing field whatever small or large capital we start with.
My return on investment at a small 10 pip a week target has been almost 22% in just seven weeks. Compare that, to the money we have in an investment account that is earning us around 2.5% per YEAR right now.
So on the basis of the possibilities, without stress, without hours and almost without effort, my husband and I have decided that if I can confirm these results over the next week or so without trauma – I will become a live trader.
I realize that ‘going live’ will present different challenges – but I know I can do this. I enjoy doing it and this new direction could genuinely change our lives.
I started this, HOPING I could do it. Now I know I can.
Sam 
Easter Holidays Forex Day Dream
Posted by: | CommentsI have been a good forex apprentice and have spent the last two days going over ALL of the training Sid and Kris have given to us as I thought now was an ideal time to just make sure I don’t slip into any bad habits and to go over some of Sid’s really helpful points. Then it hit me – by this time next year I will be a successful trader. I could be buying my family an Easter holiday thanks to all the hard work and one to one personal attention that Sid and Kris continue to give me each day.
I have really missed trading the last two days but knew I had to do this and with things being a bit quieter right after the Easter break I don’t feel I have missed out too much. Mind you, having said that and from what I have seen in the BBC Club – I could have had a great morning this morning.
Ah well, these things happen eh? I would prefer to have a good morning tomorrow having done some revision!
I know that I have said that this before, but learning forex, really is like learning to drive – but better. After you learn to drive and dependant on your personality, new drivers either roar off into the distance or take a gentle drive by themselves. The difference here is we are not taking any risk, Sid and Kris are still here to make sure we don’t forget what we have learnt and really practice to ensure we get the most out of forex.
Sam
My First Forex Easter
Posted by: | CommentsWell can you believe it – it’s nearly Easter and we are so close to the much anticipated Easter weekend and I refuse to let this awful weather get the better of me!
When you need to cram five days in to four it can get a bit hectic, in fact I was in Nottingham all day Tuesday and had my first mobile trade! It has been another great week for me – and Sid’s golden rule of safety first has paid off dividends!
I am loving my new found skill of patience and let me tell you why; I know that they say self praise is no praise – buy hey, this is my blog and Sid has said I say what I like so here goes!
Sid has taught us how to read the market and make the most out of it – after all we are here to make our lives better financially. One of the important rules we are taught is not to trade when in doubt; I have been really diligent this week and have been at my desk at 6.30 each day before sorting out the normal daily chores. I have it scheduled into my diary as my daily forex rendez-vous!
Anyway, today it just didn’t feel right – so I didn’t trade. Sounds daft – but it was the right think to do. I listened to what Sid advised us and decided not to risk what I have already made this week.
Sid really made my day after I sent in my daily update when he sent a short email saying “well done” on my decision today. Now isn’t that great one-to-one support after a forex training course?! Sid and Kris have been so great and they are both so patient, although I have no idea how they find the time for all of us!
Right that’s it for today – this might not sound like much to those who are looking at doing a forex training course, but believe me once you begin to learn about how to make money with forex, each new golden rule you experience is even more exciting than the last! By keeping my money safe today I am still making money as I didn’t risk anything – and that’s the point. It’s not about risk – and now I really get it! It really does pay to listen and lock away the ego!
Making Hay Whilst The Sun Shines
Posted by: | CommentsWell, just trying to catch up with myself again after my folks came for a long weekend. So lovely to see them and we had what I call a good old-fashioned family get-together which I love. However, it’s back to the real world and I realised that I’m guilty of not keeping up with my blog posting – so if you are following my progress – I apologise for the long gap and I’ll try to keep up in future 
Well, this is a story of last week. I’m still on a voyage of discovery here and it’s probably one of the most exciting things I’ve been involved with for a very long time. I need to explain a few things so you’ll understand where I’m coming from – and more importantly, where I’m going, as I develop my understanding. Because this is SO much better than I have given it credit for up to now. Read More→
Plan for Next Week – Avoiding Compounding My Errors
Posted by: | CommentsI love planning and I try to plan everything where I possibly can. I am one of those sorts that put endless notes around the house that may simply look like a Post It Note with a scrawl on it – but to me it means everything! The only thing that I can fall down on is what we will eat mid-week, there again, don’t we all?
I have really been pondering about the call from last week and Sid said something that has really struck home and I have fully taken on board “avoid compounding our errors”. That makes perfect sense to me and I am entering a new week with greater gusto – and a whole lot of discipline. Whilst in my apprenticeship, I am soaking it all in still and determined to get it right – which I know I can. Read More→
Forex Apprentice – It’s Just Like Passing Your Driving Test
Posted by: | CommentsHi Everyone, it’s been a while and I feel a distinct sense of déjà-vous! Let me take you back to the time you passed your driving test and that sense of excitement, freedom and purpose. You now had your destiny in your own hands, you controlled where you went, when – and how. Completing the forex course has been no different.
My confidence is growing too although I have to say I was over confident one morning this week. I have now got into a good rhythm and am demo trading four mornings out of five during the week, normally getting to my desk anywhere between 6am and 7am, depending on children’s movements and dog walk responsibilities! Read More→